1341 20 ARPENT RD New Iberia, LA 70560
168 Beds
74 Baths
61,060 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 61,060 sqft
Price per Sqft $63
MLS Listing ID 2562417
Style Traditional
Bedrooms 168
Full Baths 74
Construction Status Average Condition
HOA Y/N No
Year Built 1999
Lot Size 6.515 Acres
Acres 6.515
Property Sub-Type Apartment
Property Description
Cherrybrook Apartments presents a compelling investment opportunity in one of Acadiana's stable and growing rental markets. This 74-unit garden-style community delivers a well-balanced mix of workforce housing in a market characterized by consistent tenant demand and durable occupancy. Its classic brick-and-siding construction and established garden-style layout provide low-maintenance appeal that continues to resonate with long-term residents.
The property features a thoughtfully composed unit mix designed to attract a broad tenant base seeking affordability, functionality, and convenience. The community consists of four one-bedroom units, forty-six two-bedroom units, and twenty-four three-bedroom units, offering a versatile range of housing options that supports stable, diversified rental income across the asset.
With no rent restrictions in place, Cherrybrook offers investors immediate operational flexibility and meaningful upside through strategic management and rental optimization. When light cosmetic renovations improve 1-bed rents to $850, 2-bed rents to $950, and 3-bed rents to $1,150, a pro forma net operating income of $426,131 can be realized over 12–24 months (with adjusted property taxes and management fees).
The foregoing measurements, rental income, operating metrics, and pro forma projections are assumed to be reliable based on available information and standard industry assumptions, though investors are advised to conduct independent verification.
Location
State LA
County Iberia
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Common Area
Exterior
Exterior Feature Permeable Paving
Parking Features Off Street, Parking Lot, Driveway
Pool None
Water Access Desc Public
Roof Type Shingle
Accessibility Accessibility Features
Building
Lot Description 6-10 Units/Acre, City Lot
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories One
Construction Status Average Condition
Others
Tax ID 0501092495
Special Listing Condition None
